Honda to slash production at Japanese plants on sourcing concerns

Japanese automaker Honda Motor stated on Tuesday that it will temporarily cut back regional production because of difficulty in sourcing components amid the coronavirus outbreak.

“Honda has slightly adjusted its production plan at the (two) plants in Saitama. The overall impact is limited,” a company spokesman informed Reuters.

“For certain models, we are swapping originally intended trims to others and adjusting production to other models as needed,” the spokesman added, without giving more details.

Japan’s third-largest automaker has observed its profitability decline by more than half in the last two years, led by a range of quality-related issues.